Agent-based computational economics is becoming widely used in practice. This paper explores the consistency of some of its standard techniques. We focus in particular on prevailing wholesale electricity trading simulation methods. We include different supply and demand representations and...

Structural Properties of the demand of a large population introduced by the aggregation process are studied. The idea is to consider assumptions on the distribution of household characteristics rather than focusing on the modelling of individual behavior. By opposite to the existing literature...

The mismatch between photovoltaic generation and residential load leads to relative modest rates of self-consumption of solar electricity unless expensive storage solutions are locally available. One alternative to batteries is the aggregation of demand of different prosumers, as the collective...

Agent-based computational economics is becoming widely used in practice. This paper explores the consistency of some of its standard techniques. We focus in particular on prevailing wholesale electricity trading simulation methods. We include different supply and demand representations and...

The mismatch between photovoltaic generation and residential load leads to relative modest rates of self-consumption of solar electricity unless expensive storage solutions are locally available. One alternative to batteries is the aggregation of demand of different prosumers, as the collective...

This Selected Issues paper examines the main factors explaining Ukraine’s growth performance so far, assesses whether the recent recovery is sustainable, and provides a quantitative analysis of long-term growth prospects. It finds that the recent recovery is not yet self-sustaining and...